Looking for information about your firm's panel status?
Melton Mowbray Building Society Conveyancing Panel Assistance:
What are the Melton Mowbray Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
All conveyancers are subject to panel requirements and must be approved onto the Society's conveyancing panel. Please refer to the mortgage completions team if further information is required.
You must also comply with the terms and conditions of your Melton Mowbray Building Society solicitor panel appointment.
I am on the Melton Mowbray Building Society conveyancing panel. Can I get an archived copy of Melton Mowbray Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not hold copies of Specific Requirements. We would advise that you make a request of Melton Mowbray Building Society direct.
Does the fact that my practice receives LENDERmonitor Alerts assist in my application to join the Melton Mowbray Building Society conveyancing panel?
The criteria to join the Melton Mowbray Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
A recent SRA survey reveals that three quarters of solicitors have been removed or threatened with removal from a lender conveyancing panel. Melton Mowbray Building Society and other building societies have restricted their panel over the years. Why?
The feeling from lenders generally (we can not speak for Melton Mowbray Building Society specifically), is that for too long
solicitors have concentrated on their duty of care to their purchasing
client, and have paid scant attention to the duty they owe to the
lender, whom they conveniently forget is also their client.
Looking from the lenders’ perspective, it has to be said that there are pressures to encourage smaller panels. The Financial Services Authority regards the open panel system as a major contributor to mortgage fraud and negligence cases, and has been leaning on lenders to move to proactive panel management, which is more expensive the larger the panel. Hence it is becoming more common for lenders to charge fees, and/or require extensive form-filling, from would-be panel members
Melton Mowbray Building Society and other BSA lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced.
What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the Melton Mowbray Building Society solicitor panel?
There are many reports available but examples include:
- Average time frame to register charges at the Land Registry
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- The percentage of the firm’s business which is conveyancing (purchase and remortgage)
- Average mortgage advance
- Buy to Let transactions
- Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Evidence of undertaking logs
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g. seen in person)
Are there conditions, outside the BSA Mortgage Instructions, that a
firm should be aware of when on the Melton Mowbray Building Society
conveyancing panel?
In order to be on the Melton Mowbray Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Melton Mowbray Building Society) are as follows:
- To forward the title deeds and documents to another conveyancer within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
- To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- To quote on all communications with us relating to registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
Can the BSA help me join the Melton Mowbray Building Society conveyancing panel?
The BSA has no role in influencing what conveyancers Melton Mowbray Building Society instructs. If you want to be admitted onto Melton Mowbray Building Society conveyancing panel you should contact Melton Mowbray Building Society directly.
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Melton Mowbray Building Society Approved Conveyancing Solicitors Panel
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Average number of days to register title including a charge in favour of Melton Mowbray Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Melton Mowbray Building Society Firms
- Draft Report on Title precedent for Melton Mowbray Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Melton Mowbray Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Melton Mowbray Building Society lender panel
- Buy-to-Let help for Melton Mowbray Building Society
- Consent-to-Let help for Melton Mowbray Building Society
- Contractor Mortgages with Melton Mowbray Building Society
